To quantify how well a derivative will do as a hedging instrument for jet fuel prices, calculate the correlation in monthly price changes of that commodity against price changes in jet fuel. To quantify the risk more precisely, take the time series on monthly price changes in jet fuel, WTI, and Brent and run the appropriate regressions. Use the previous five years of monthly price changes. Which hedge would work better, and what result provides that answer? What are the optimal hedge ratios based on the regression slope coefficients? Determine the P